1. (a) Mandatory Participation

   A holder of cash unclaimed property in an amount of two thousand dollars ($2,000.00) or more is required to deliver the cash unclaimed property to the State Controller's Office through the electronic funds transfer program.

2. (b) Voluntary Participation

   A holder of cash unclaimed property in an amount less than two thousand dollars ($2,000.00) may voluntarily pay cash unclaimed property to the State Controller's Office through the electronic funds transfer program, however, participation in the electronic funds transfer process is not mandatory.

Note: Authority cited: Section 1532, Code of Civil Procedure. Reference: Section 1532, Code of Civil Procedure.

History

1. New section filed 3-26-98; operative 4-25-98 (Register 98, No. 13).

2. Change without regulatory effect amending section and Note filed 11-3-2022 pursuant to section 100, title 1, California Code of Regulations (Register 2022, No. 44).